Trading Signals: MGM Stock Price Prediction and Forecast

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Wed. Dec. 17, 2003

Trading Signals: MGM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Fri. Dec. 22, 2023)

(MGM Resorts International)
MGM latest price $18.5200 (-0.59%) ($18.4100 - $18.5800) on Wed. Dec. 17, 2003.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.28% (three month average)
RSI   49
Latest Price   $18.5200(-0.59%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGM advances 0.5% a day on average for past five trading days.
Weekly Trend   MGM declines -0.6% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support MGM advance at 0% a week (0% probability)
XLY(19%)    IWM(18%)    SPY(18%)    EEM(17%)    QQQ(17%)
Factors Impacting MGM price   MGM will decline at least -0.64% in a week (0% probabilities).
TLT(-6%)    TIP(-6%)    SHY(-6%)    REMX(-1%)    LQD(5%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.64% (StdDev 1.28%)
Hourly BBV 0 ()
Intraday Trend -0.3%

5 Day Moving Average   $18.37(0.82%)
10 Day Moving Average   $18.38(0.76%)
20 Day Moving Average   $18.28(1.31%)
To recent high   -3.5%
To recent low   6.9%
Market Cap   $9.136b

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George's County, Maryland; and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.

$. MGM price fluctuates within 2.46% (three month std-dev: 1.28%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20040117

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Dec_17_2003	18.01	18.28	18.38	18.37			18.52(-0.59%)	DP	OpenShort	-65	0.3	-1	-10000	8	-27	1.1	55%	0.06	31.3	1.28%	0	0.5	49	0
2	Dec_16_2003	18	18.23	18.39	18.28			18.63(2.14%)	DP	OpenShort	-65	0.7	-5	-10000	6	-36	1.67	57%	0.06	22.8	1.28%	0	0.8	54	0
3	Dec_15_2003	17.99	18.17	18.36	18.21			18.24(0.05%)	DP	OpenShort	-75	0.1	-14	-10000	-6	-38	0.81	55%	0.06	18.6	1.29%	0	0.1	60	0
4	Dec_12_2003	17.98	18.16	18.42	18.28			18.23(-0.11%)	N/A	N/A	0	-0.1	-1	-10000	-3	4	1.5	56%	0.11	23	1.29%	0	0.1	65	0
5	Dec_11_2003	17.96	18.15	18.47	18.32			18.25(1.05%)	UD	OpenLong	65	-0.1	5	-10000	-7	41	1.48	56%	0.06	27.4	1.3%	0	0.2	67	0

6	Dec_10_2003	17.95	18.14	18.5	18.4			18.06(-1.2%)	UD	OpenLong	65	-0.7	13	-10000	-9	80	1.56	52%	0.11	35.6	1.3%	0	-0.2	65	0
7	Dec_9_2003	17.93	18.12	18.54	18.51			18.28(-1.61%)	UD	OpenLong	65	-0.5	29	-10000	-1	117	0.69	50%	0.06	39.9	1.37%	0	0.3	65	0
8	Dec_8_2003	17.92	18.09	18.5	18.52			18.58(0.87%)	UT	HoldLong	50	0.1	28	-10000	-5	125	1.08	52%	0.11	38.3	1.37%	0	1	68	0
9	Dec_5_2003	17.9	18.05	18.4	18.58			18.42(-1.18%)	UD	OpenLong	65	-0.3	28	-10000	-5	125	1.16	52%	0.06	44.6	1.37%	0	0.8	58	0
10	Dec_4_2003	17.89	18.01	18.3	18.64			18.64(0.16%)	UT	OpenLong	75	0	32	-10000	1	126	1.47	52%	0.11	46.3	1.36%	0	1.3	60	0

11	Dec_3_2003	17.87	17.96	18.17	18.63			18.61(1.42%)	UT	OpenLong	75	-0	31	-10000	4	112	1.55	52%	0.06	45.4	1.37%	0	1.4	58	0
12	Dec_2_2003	17.86	17.92	18.06	18.58			18.35(-2.7%)	UD	OpenLong	75	-0.5	34	-10000	9	108	1.04	50%	0.06	44.3	1.37%	0	1	62	0
13	Dec_1_2003	17.85	17.89	17.98	18.47			18.86(0.64%)	UT	OpenLong	75	0.9	43	-10000	24	101	0.92	54%	0.11	39.2	1.33%	0	2.3	71	0
14	Nov_28_2003	17.83	17.83	17.87	18.18			18.74(0.92%)	UT	OpenLong	75	1.5	33	-10000	23	63	0.34	54%	0.11	25	1.33%	0	2.5	63	0
15	Nov_26_2003	17.81	17.79	17.79	17.9			18.57(0.98%)	UT	OpenLong	75	2.2	23	-10000	21	28	1.27	56%	0.06	6.5	1.33%	0	2.6	63	0

16	Nov_25_2003	17.8	17.75	17.72	17.65			18.39(3.49%)	N/A	N/A	0	3	11	-10000	15	-2	1.7	56%	0.06	-11.3	1.33%	0	2.6	62	0
17	Nov_24_2003	17.79	17.75	17.64	17.47			17.77(1.95%)	DP	OpenShort	-65	1.4	-7	-10000	4	-38	0.75	52%	0	-33.9	1.27%	0	0.2	49	0
18	Nov_21_2003	17.79	17.73	17.62	17.43			17.43(0.64%)	DP	OpenShort	-75	0	-20	-10000	-8	-56	1.26	49%	0	-46.6	1.25%	0	-1.4	39	0
19	Nov_20_2003	17.79	17.74	17.66	17.52			17.32(-0.12%)	DT	OpenShort	-75	-1	-20	-10000	-13	-42	1.45	49%	0	-44.1	1.25%	0	-2	40	0
20	Nov_19_2003	17.79	17.77	17.71	17.66			17.34(-0.74%)	DT	OpenShort	-75	-1.7	-17	-10000	-13	-28	2.15	49%	0	-37.4	1.25%	0	-2.3	35	0

21	Nov_18_2003	17.79	17.78	17.75	17.8			17.47(-0.63%)	DT	OpenShort	-75	-1.9	-5	-10000	-3	-9	0.85	49%	0.06	-40.6	1.26%	0	-1.8	39	0
22	Nov_17_2003	17.78	17.8	17.79	17.83			17.58(-1.84%)	DT	OpenShort	-75	-1.6	-3	-10000	-1	-9	1.45	49%	0	-54.4	1.27%	0	-1.4	40	0
23	Nov_14_2003	17.78	17.82	17.82	17.84			17.91(-0.5%)	N/A	N/A	0	0.4	1	-10000	2	-4	0.5	52%	0.06	-60	1.25%	0	0.5	55	0
24	Nov_13_2003	17.77	17.83	17.82	17.82			18(-0.22%)	N/A	N/A	0	0.9	2	-10000	4	-3	0.52	52%	0.06	-57	1.25%	0	0.9	60	0
25	Nov_12_2003	17.76	17.84	17.8	17.78			18.04(2.5%)	N/A	N/A	0	1.2	3	-10000	6	-7	1.78	52%		-55.9	1.25%	0	1	52	0
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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